---
schema_version: "secwatch.filing_event.v1"
accession: "0000356037-22-000006"
form_type: "8-K"
ticker: "CSPI"
cik: "0000356037"
company_name: "CSP INC /MA/"
filed_at: "2022-02-09T23:59:59+00:00"
generated_at: "2026-06-27T09:43:27.181613+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CSP Inc. Q1 revenue up 9% to $12.4M but net loss of $366K vs. prior-year profit

## Summary
- Revenue $12.4M (+9% YoY); services revenue grew 22% YoY.
- Net loss $(366K) or $(0.09) diluted share vs. net income $1.2M ($0.26) in Q1 2021 which included $2.2M PPP loan gain.
- Gross margin 29.2% vs. 29.7% a year ago; backlog exceeds $15M due to supply chain delays.
- Stock repurchase program reactivated on Dec 29, 2021 for up to 194K shares; no purchases in Q1.
- Cash and equivalents $19.3M as of Dec 31, 2021; management believes sufficient for growth strategy.

## SEC filing metadata
- accession: 0000356037-22-000006
- form_type: 8-K
- ticker: CSPI
- cik: 0000356037
- company_name: CSP INC /MA/
- filed_at: 2022-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356037/000035603722000006/0000356037-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356037/000035603722000006/cspi-20220209x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000356037-22-000006
- JSON: https://secwatch.observer/filing/0000356037-22-000006.json
- Plain text: https://secwatch.observer/filing/0000356037-22-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.